The Impact of an Increase in the Price of a Particular

question 47

Multiple Choice

The impact of an increase in the price of a particular good is illustrated as a

• A) leftward shift in its demand curve.
• B) rightward shift in its demand curve.
• C) movement upward and to the left along its demand curve.
• D) movement downward and to the right along its demand curve.
• E) rightward shift in its demand curve and a movement upward and to the left along its demand curve.

Identify the conditions under which an electronic agreement becomes a binding contract.

Understand the application and limitations of the postbox rule in contract law.

Recognize the enforceability and exceptions of various forms of contracts and promises, including gratuitous promises and charitable donations.

Discern the legal significance of the quantum meruit principle in contract breaches.